Seeking Alpha
  • Ocean Man
    Sold to open $COH March $50 puts for $1.95.
    1/23/13
    Reply (10)
    • Ocean Man: Sell 'em when that IV is nice and high. Once IV cools down, I'll probably switch to calls.
      1/23/13
    • neobliviscar: Yep, one of the few games in town for me today. I'm a little more chicken, so selling a mix of Feb & March $49 and $48 puts.
      1/23/13
    • Ocean Man: Those are up (down in price) 30% in 30 minutes.
      1/23/13
    • Momintn: Basically I think any time the market puts a stock on sale from a good company with no debt that pays a dividend, you need to buy it.
      1/23/13
    • neobliviscar: Yep. Rem riding COH last time, prob w/ you too then. I also sold $TIF $57.5 as it opened down > -$1 with COH. They trade like Siamese Twins.
      1/23/13
    • Momintn: $COH You can make more money by buying stocks on dips according to Marketwatch's Mark Hulbert.
      1/23/13
    • John R. Conway: not a bad trade as the stock has some strong support on the $50 level. I wouldn't mind speculating with calls as they are getting smashed.
      1/23/13
    • Dr. Kris: OM: Hope your put doesn't get exercised.
      1/23/13
    • Ocean Man: I'd be fine if they did, that was a consideration in the strategy, don't mind owning it at $48.
      1/23/13
    • neobliviscar: Even sold to open some of these in the retirement accounts. More limited in what I can trade there.
      1/23/13